HUNGARY: Gazprom CEO and Hungary ForMin Discuss Russian Gas Supplies
Jun-19 12:31
Gazprom CEO Alexey Miller and Hungary’s Foreign Minister Peter Szijjarto discussed current and potential future gas supplies, the gas producer said in a statement on Telegram. Earlier today, Interfax reported that Hungary is to receive between 8.0 to 8.5bcm of Russian Gas in 2025.
- A reminder that on Tuesday, the European Commission set out the legislation needed to end the bloc’s reliance on pipeline and LNG supplies from Moscow, starting by prohibiting new deals from next year. To address concerns of Slovakia and Hungary, the commission proposed that they can import Russian gas under short-term contracts until the end of 2027.
- Prime Minister Viktor Orban criticized the proposal, stating that “This is incredibly dangerous in the middle of a war. And now, in the shadow of the war in the Middle East, it’s downright crazy.”
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CANADA APR CPI +1.7% YOY ON CARBON TAX REMOVAL, PRIOR +2.3%
May-20 12:30
- CANADA APR CPI +1.7% YOY ON CARBON TAX REMOVAL, PRIOR +2.3%
- BOC CORE CPI MEASURES QUICKEN TO FASTEST IN A YEAR
- CORE TRIM CPI +3.1% YOY FROM +2.9%; MEDIAN +3.2% FROM +2.8%
- CANADA CPI EX-ENERGY +2.9% FROM +2.5%, THE FASTEST IN A YEAR
- CANADIAN APR CORE PRICES BOOSTED BY TRAVEL TOURS AND FOOD
CANADA DATA: BOC Preferred Core Measures Rose The Fastest In A Year In April
May-20 12:30
- StatsCan report Tues showed the Bank of Canada's preferred median and trim indicators quickened above the BoC's target band at +3.2% and +3.1% respectively in April.
- Headline inflation +1.7% in April from +2.3% in March. The deceleration was mainly due to the consumer carbon tax removal.
- CPI excluding energy fastest in a year, +2.9% in April from +2.5% in March. Gasoline prices -18% in April.
- Travel tours +6.7% and food prices +3.8% moderated decline in headline April CPI. Grocery prices elevated for third straight month.
- StatsCan said it enhanced its methodology for April's passenger vehicle and homeowner's home insurance price indexes. Also said that next CPI on June 24 will use updated basket weights.
- BOC has said it will support economic growth while ensuring inflation remains well controlled. With its preferred core CPI indicators above its target band, a cut at its next June 4 rate decision is less likely.
MNI: CANADA APR CPI INFLATION -0.1% M/M, +1.7% YY
May-20 12:30
- MNI: CANADA APR CPI INFLATION -0.1% M/M, +1.7% YY
